Jump to content

Dividend reinvestment plan (DRIP)


Recommended Posts

Hello IG Community,

Can anyone advise - is it possible to set up automatic divided reinvestment on normal share dealing accounts and stocks and shares ISAs on IG and if so how would I do this?

Thanks for your help!

Link to comment
  • 6 months later...
  • 2 months later...
  • 2 months later...
On 18/11/2019 at 19:53, Guest Rodrigo said:

I would like IG to have dividends dripping program? Is that possible? 

I am am a long term accumulation investor. My portfolio is in millions. My Portfolio IG is only 3.5% of overall. The primary reason is the lack of DRIP. I don't care if they do or don't, other than I hate waste and commercial stupidity, obviously many do want it. In the meantime just Invest in II, or Halifax, it's included and cheap.

  • Like 1
  • Thanks 2
Link to comment
  • 4 weeks later...
  • 2 weeks later...
  • 2 months later...
  • 3 weeks later...
  • 1 month later...
  • 1 month later...
  • 2 weeks later...
  • 1 month later...
  • 5 weeks later...
  • 3 weeks later...

I agree with all the above sentiments.  I've used several brokers before, such as ii, Halifax, etc. I assumed ALL online brokers and investment platforms included automated DRIP.  Shocked that IG do not!  Even more surprised at their complacency in not responding to this thread.

Link to comment
5 hours ago, TobyThomas said:

I agree with all the above sentiments.  I've used several brokers before, such as ii, Halifax, etc. I assumed ALL online brokers and investment platforms included automated DRIP.  Shocked that IG do not!  Even more surprised at their complacency in not responding to this thread.

 

On 08/01/2021 at 11:02, WillC said:

Hi there,

Please could you explain why dividend reinvestment is not offered, and why there has been no update since the admin post on 20 Nov 2019.

 

On 09/12/2020 at 23:33, Guest Jess_1908 said:

I'd like an update on this too. I'm going to have to move my shares to another broker specifically for this reason.

 

On 29/10/2020 at 14:10, Mikey_2811 said:
On 17/10/2020 at 02:06, Guest Tak said:

Same, any updates?

 

On 13/09/2020 at 18:40, taffet87 said:

Any news here? I will probably give up and move the shares I hold elsewhere soon as IG seem remotely uniterested in this

 

On 06/08/2020 at 09:41, Sartois said:

Bump - update please.

 

On 21/07/2020 at 06:28, jeantan said:

Any update?

 

On 30/04/2020 at 15:42, lk8 said:

Any news on this?

 

Update please 

Hey all, 

There's a team currently working to add a dividend reinvestment plan. We don't have a time frame yet but I will update you. 

All the best

  • Great! 2
Link to comment
  • 2 months later...
  • 1 month later...
  • 5 weeks later...
  • 2 weeks later...
  • 3 weeks later...
Guest Maverick284

DRP should be made available on priority as it’s such a basic feature. IG would risk losing customers if this doesn’t happen at the earliest !

Link to comment
  • 3 months later...

It is funny that the IG website gives a definition about DRIP but does not offer it at the moment 
https://www.ig.com/uk/investments/support/glossary-investment-terms/dividend-reinvestment-definition

I like the platform but was surprised to see there was no option to reinvest Dividends after I signed up. Also would have thought since Jan 25th they may have been able to have come up with a solution by now.

Link to comment
6 hours ago, Rawly said:

It is funny that the IG website gives a definition about DRIP but does not offer it at the moment 
https://www.ig.com/uk/investments/support/glossary-investment-terms/dividend-reinvestment-definition

I like the platform but was surprised to see there was no option to reinvest Dividends after I signed up. Also would have thought since Jan 25th they may have been able to have come up with a solution by now.

Hi @Rawly,

IG is aware that it is an option that clients would like to see. I will forward your feedback to the relevant department to be reviewed.

Thank you - Arvin

Link to comment
  • 4 months later...

Dear IG, 

Has there been any progress on providing a DRIP feature? 

This has been waiting an exceptionally long time, can we please recieve an ETA or a confirmation that the feature will not be provided. The current lack of response is leaving people in a constant state of limbo. This will trigger people to move to alternative providers due to lack of transparency.

Regards 

Pearse

Edited by pmcguinness07
Link to comment

How on earth is this still under review after almost 3 years?!

IG - please either give a proper update with an expected timeline for when this feature will be offered, or be honest and say that nothing is forthcoming.

Thanks

Link to comment
On 09/03/2022 at 05:13, pmcguinness07 said:

Dear IG, 

Has there been any progress on providing a DRIP feature? 

This has been waiting an exceptionally long time, can we please recieve an ETA or a confirmation that the feature will not be provided. The current lack of response is leaving people in a constant state of limbo. This will trigger people to move to alternative providers due to lack of transparency.

Regards 

Pearse

 

On 12/03/2022 at 00:30, Lambchops said:

How on earth is this still under review after almost 3 years?!

IG - please either give a proper update with an expected timeline for when this feature will be offered, or be honest and say that nothing is forthcoming.

Thanks

Hi @pmcguinness07 @Lambchops,

Unfortunately at this point in time there is no ETA for DRIP to be available on the platform. As mentioned IG is aware that it is a feature that some clients would like to see but there is no ETA.

All the best - Arvin

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
×
×
  • Create New...